TIM (NYSE:TIMB) Price Target Raised to $16.00 at Barclays

TIM (NYSE:TIMB) had its price target raised by Barclays from $15.50 to $16.00 in a report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also weighed in on TIMB. Scotiabank lowered their price objective on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their price target on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

TIM Stock Down 0.2 %

Shares of TIMB stock opened at $15.18 on Tuesday. The stock has a market cap of $7.35 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a fifty day moving average price of $12.76 and a 200 day moving average price of $14.46. TIM has a one year low of $11.32 and a one year high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.71% and a return on equity of 11.73%. Analysts predict that TIM will post 1.16 earnings per share for the current year.

TIM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a yield of 1.89%. TIM’s dividend payout ratio (DPR) is presently 56.35%.

Hedge Funds Weigh In On TIM

Several institutional investors have recently bought and sold shares of TIMB. Arrowstreet Capital Limited Partnership raised its stake in shares of TIM by 8.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company’s stock worth $22,732,000 after acquiring an additional 152,061 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of TIM by 64.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock valued at $20,814,000 after purchasing an additional 696,454 shares in the last quarter. Renaissance Technologies LLC raised its position in TIM by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock worth $20,211,000 after purchasing an additional 283,002 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TIM by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company’s stock worth $9,759,000 after buying an additional 18,970 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after buying an additional 409,992 shares in the last quarter.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.